US electricity strengthens dividend potential with new investment transactions
American Electric Power Company, Inc. (NASDAQ:aep) in 10 Best Dividend Stocks Selected from Jim Cramer’s Recommendations.
Raymond James began compensation for the stock and gave him an outperform rating along with a price target of $115 after the new investment.
A series of large electric transmission towers that provide electricity to the general public.
American Electric Power Company, Inc. (NASDAQ: AEP) is one of the largest U.S. power companies, serving over 5 million customers in 11 states. The Ohio-based company uses multiple energy sources, including coal, natural gas, wind, solar, nuclear and hydro to generate and transmit electricity to its customers.
On June 5, 2025, the company confirmed its partnership with KKR and PSP Investments. Jointly, these companies are American Electric Power Company, Inc. (NASDAQ: AEP) acquired a 19.9% stake in Ohio and Indiana Michigan Transmission Company for $2.82 billion. With this investment, the company aims to meet the new electricity demand of more than 20 gigawatts expected across its footprint by 2030. American Electric Power Company, Inc. (NASDAQ: AEP) maintains operational control.
A few days after this transmission investment, on June 13, 2025, Raymond James was introduced to American Electric Power Company, Inc. (NASDAQ: AEP) coverage was launched, assigning stocks an outperform valuation and a price target of $115, thereby strengthening the company’s positive outlook.
On June 17, 2025, the company announced Rob Berndsen as its new EVP and general counsel, which came into effect on July 14, 2025. Equity ratings have not yet absorbed this change in leadership.
American Electric Power Company, Inc. (NASDAQ: AEP) offers a dividend yield of 3.61%. The 16-year consecutive dividend growth demonstrates strong financial stability.
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